Close Brothers Group (LON:CBG) Issues Earnings Results

Close Brothers Group (LON:CBG) posted its quarterly earnings data on Tuesday. The company reported GBX 30.90 ($0.40) earnings per share for the quarter, Digital Look Earnings reports. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%.

Close Brothers Group Stock Performance

Shares of CBG stock traded down GBX 11.60 ($0.15) during trading hours on Thursday, hitting GBX 273.40 ($3.56). 2,098,818 shares of the company were exchanged, compared to its average volume of 2,496,555. Close Brothers Group has a one year low of GBX 179.83 ($2.34) and a one year high of GBX 564 ($7.34). The business’s 50-day simple moving average is GBX 307.19 and its two-hundred day simple moving average is GBX 313.28. The stock has a market capitalization of £411.91 million, a price-to-earnings ratio of 4.12, a P/E/G ratio of 1.87 and a beta of 0.82.

Wall Street Analyst Weigh In

CBG has been the subject of a number of analyst reports. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating for the company in a research report on Thursday, February 13th.

Insider Transactions at Close Brothers Group

In other Close Brothers Group news, insider Michael N. Biggs bought 5,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of GBX 288 ($3.75) per share, with a total value of £14,400 ($18,732.93). Corporate insiders own 2.91% of the company’s stock.

About Close Brothers Group

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.